Steve Cohen Retires From Active Trading at Point72

Steve Cohen, founder and leader of Point72 Asset Management, has decided to step back from actively managing his trading portfolio, marking a significant shift in his professional career. The move comes after decades of influential trading strategies and financial leadership in the hedge fund industry.

Cohen, also known as the majority owner of the New York Mets, has been a major player in the financial markets, garnering both acclaim and attention for his investment tactics. Under his leadership, Point72 has been at the forefront of developing quantitative trading and data-driven investment strategies, reshaping the way hedge funds operate.

His retirement from active trading does not represent a step back from all professional activities, but rather a shift toward a greater focus on broader management and strategic roles within Point72 and his other business interests, including his continued involvement with the Mets.

The transition could lead to changes in Point72’s operational strategies as the firm adjusts to a new leadership dynamic in its trading operations. Cohen’s decision underscores a growing trend among veteran finance professionals who are choosing to shift their focus from day-to-day trading to broader investment management and mentoring roles.